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A customer paying $100 for a service with a credit card would be a debit to which account?

Cash

Service revenue

Accounts payable

Accounts receivable

User Robertson
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2 Answers

7 votes

Answer:

Answer is Accounts receivable.

Step-by-step explanation:

A customer paying $100 for a service with a credit card will be a debit to Accounts receivable.

User Aeronth
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0 votes

Answer:

Accounts receivable

Step-by-step explanation:

The $100 is a debit from the credit card of the customer and would be debited to accounts receivable.

Account receivable is basically the money owed to a seller by the buyer and they are created by the company when the credit purchase is made.

The company will receive their $100 owed to them from accounts receivable because it shows on the balance sheet the amount owed the company and can be retrieved on short term basis.

User Mehta
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